The $18 Billion Electric-Car Bubble at Risk of Bursting in China
We have plenty of EV cronyism in this country, however in China the world’s Ultimate Crony Capitalist State, they are on another level. And when the car commissar says that pain is on the way for EV firms investors would be wise to take heed.
(From Bloomberg)“There is still huge room out there in the new-energy vehicle market with China’s relatively low vehicle-penetration rate,” said Cui Dongshu, secretary-general of the China Passenger Car Association, an industry group. “Yet that market is for the competitive players, not the weakest ones, and the latter will be squeezed out.”
Reprinted from: https://www.ac2news.com/2019/04/the-18-billion-electric-car-bubble-at-risk-of-bursting-in-china/
